Montney drilling in 2014 contributes to significant reserves growth
Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its fourth quarter 2014 activities and preliminary financial and operating results for the year ended December 31, 2014. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “We ended 2014 with a strong fourth quarter with average production of 1,468 […]
2014 Montney drilling program grows proved and probable reserves by 55 percent
Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its 2014 year-end reserves and an updated resource assessment of its joint venture acreage in the Kakwa-Resthaven area of Alberta. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “The high quality of our Kakwa assets was proven with a […]
Continued success at Kakwa with positive well results and new discovery
Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on two recently completed wells in the Kakwa-Resthaven area. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “The first well was in the Montney and had excellent results that appear to prove the benefits of an improved completion technique. The […]
Questerre implements corporate restructuring plan
Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today that it has implemented a corporate restructuring plan to reduce its administrative overhead in the current commodity price environment. As part of the restructuring program, the Board has elected to reduce head office personnel by 20% and implement a 10% reduction in […]
Questerre targets conservative capital program for 2015
Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its preliminary plans for 2015. Michael Binnion, President and Chief Executive Officer of Questerre, commented “Our goals for this year are to maintain a strong balance sheet and finance our capital program primarily with cash flow and, to a lesser extent, […]
Questerre appoints Ted Roberts to Board
Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today that it has appointed Ted Roberts to the Board of Questerre. Peder Paus, Chairman of Questerre, commented, “It is with great pleasure that we welcome Ted Roberts to our Board. He is currently a senior portfolio manager at Mandatum Life, our largest […]
Questerre completes sale of South Antler, Saskatchewan property
Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today that it has concluded a purchase and sale agreement to sell its South Antler property in southeast Saskatchewan for $7 million. Current production from the South Antler property is approximately 77 bbls/d of light oil. As at December 31, 2013, the Company’s […]
Questerre reports third quarter 2014 results
Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the quarter ended September 30, 2014. Michael Binnion, President and Chief Executive Officer, commented, “Although we experienced some setbacks this quarter, we also moved forward in several other areas. We validated the condensate rates with […]
Questerre updates Montney activities
Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is pleased to report that commissioning has been completed for the joint venture central compression and condensate stabilization facility located at 16-07-63-5W6M (“16-07 Facility”) in the Kakwa-Resthaven area. Questerre has a 25% working interest in this facility. Michael Binnion, President and Chief Executive Officer […]
Kakwa South well tests at over 800 boe/d with 70 bbls/MMcf of liquids
Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is pleased to report on the test results from its 16-07-62-5-W6M well (the “16-07 Well”) in the Kakwa-Resthaven area of west central Alberta. The 16-07 Well was completed with a ten-stage slick water fracture stimulation in the approximately 1000m horizontal leg. Over the last […]